Notes to SEFA
Title: Provider Relief Fund
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards (the Schedule) summarizes the federal grant expenditures of University of Alabama Health Services Foundation, P.C. (the Foundation) under programs of the federal government for the year ended September 30, 2022. The information presented in the Schedule is presented on the accrual basis of accounting except as discussed below with respect to expenditures under Assistance Listing Number 93.498, which is in accordance with the Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance).As the Schedule presents only a selected portion of the operations of the Foundation, it is not intended to and does not present the financial position, results of operations and changes in net assets, and cash flows of the Foundation. The Foundation applies its predetermined approved facilities and administrative rate when charging indirect costs to federal awards rather than the 10% de minimis cost rate as described in Section 200.414 of the Uniform Guidance.For purposes of the Schedule, federal awards include all grants, contracts, and similar agreements entered into directly between the Foundation and agencies and departments of the federal government and all subawards to the Foundation by non-federal organizations pursuant to federal grants, contracts, and similar agreements.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
The Foundation was the recipient of funding under assistance listing number 93.498, COVID-19 Provider Relief Fund and American Rescue Plan (ARP) Rural Distribution (PRF), and as required based on guidance in the 2022 OMB Compliance Supplement, the Schedule includes all Period 2 and Period 3 funds received between July 1, 2020 and June 30, 2021 and expended by June 30, 2022 as reported to the Department of Health and Human Services via the PRF Reporting Portal. The Schedule thus includes $14,212,849 in lost revenue. Given the timing covered by Period 2 and 3 funds, the corresponding revenue associated with this award was reflected in the Foundations fiscal year 2021 financial statements. Additionally, lost revenue does not represent an expenditure in the Foundations financial statements and thus is a reconciling item between the federal expenses in the Foundations financial statements and the amount included on the Schedule.